THEORETICAL ASPECTS OF THE BANKING SYSTEM TAX POTENTIAL FORMING

Abstract

The article deals with the special role of the banking system in the development of the state economy. The author specifies the triple nature of banks’ functioning in legal relationships with fiscal authorities, where they act as taxpayers, tax agents, and tax and currency controllers. The features of certain types of banking activity taxation are determined.
Forming the effective taxation system for banks is an extraordinarily difficult task. It can be explained by the special value of the banking system in a modern economy, by the bank services peculiarity and possibility of applying implicit methods in relation to their taxation, by the obligatory backuping with holdings for guaranteeing of payments of physical persons etc..
The generalized scientific approaches to finding out the essence of banks tax potential and theoretical aspects of its formation were investigated. As a result, the author’s interpretation was proposed. The structural analysis of the banking system general tax potential construction as an integral characteristic of the individual taxes potential is carried out. The methodical toolkit for the quantitative estimation of the banking system tax potential in general and in relative terms is considered.
External and internal factors that influence the size of banking system tax potential are systematized. External factors mediate influence on tax potential of the separately taken bank. Each of them represents the essence of government economic control mechanism and global changes in a world economy. Internal factors are formed as a result of corporate bank management and divided into two groups: those determined by the structure of bank; and those determined by the banks’ types of activity.